The price of gas in the state is a penny below the national average of $2.19.
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Average retail gasoline prices in OH fell 16.9 cents per gallon last week, averaging $2.02 a gallon on Sunday, according to GasBuddy’s daily survey of 5,345 gas outlets in Ohio.
At this same time past year the average in Wyoming was 89 cents per gallon higher, and 25 cents per gallon higher one month ago. In its October report, EIA projected the 2016 price for regular gas to be $2.38 per gallon.
AAA found self-serve, regular selling for as low as $1.94 to as much as $2.39 per gallon. Alabama is not far behind at $1.92 a gallon. The statewide average is $2.29.
A year ago, drivers who filled up in Chico were paying about 44 cents more per gallon than now, according to a gas-focused website.
Although terrorism and geopolitical concerns can affect Wall Street and oil and gas prices, early signs are pointing to subdued reactions to last week’s attacks, said Gregg Laskoski, GasBuddy’s senior petroleum analyst for the Northeast.
Global oil pries are sliding following news that USA crude oil stockpiles increased for the seventh consecutive week, and OPEC stating that a deepening oil supply glut was likely on the horizon, AAA said.
They say the refinery maintenance season should be done by Thanksgiving.
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“In the case of the upcoming holidays, we have seen year-over-year savings of 50 cents to a dollar for nearly a year now, which helps boost consumer confidence”, Jarmusz said, adding that boosted confidence can boost travel.
